Falling Wedge Stocatic RSI coming up Nice hammer forming on today's daily. Else: $7800 - $8000 is solid support support since reversal in early april, 0.618 FIB level
Unless we get high volume buying in the next day or two, we've likely made a lower high following a higher low. This is forming an equilibrium pattern.
Just an observation I made, still prepared for $3k in 2018.
$BAT just broke the penant its been in since it was launched. Horizontal resistance between 6000 - 7000 sats. Final one around 10,000 sats. Bullish fundamentals: coinbase rumours, reputable team, strong community, Bearish fundamentals? Its a working product, the market rarely pumps working products. Daily RSI already overbought. Cup and handle in play?
Break above approx $11800 would give a higher high and confirm adam and eve bottom. The current uptrend meets this key level on 16th May.
Lots of mixed indicators, should move with conviction one way or the other soon. Bearish: Bear trend still intact. Shrinking volume shows no enthusiasm by bulls. Soros and friends will eat your soul for breakfast, they're more likely to suppress price short term so they can accumulate. Twitter very giddy last few days about alt season, usually a bad sign....
Inverse head and shoulders in play with a bottom on the 19/20th May? Then up into Spring of 2019.